How Aussie Bitcoiners can avoid 2027’s shock CGT hike: Part 1
From setting up an SMSF or a company, to just leaving the country entirely, here are some strategies Australian Bitcoiners can employ to deal with 2027’s massive CGT hike.
From setting up an SMSF or a company, to just leaving the country entirely, here are some strategies Australian Bitcoiners can employ to deal with 2027’s massive CGT hike.
The Australian government’s decision to scrap the 50% capital gains discount for all investments in the May budget came as a big shock for crypto owners. The new scheme effectively doubles the taxable component of a gain, minus a small discount for inflation.
But there are legal ways to minimize the amount of CGT you’ll have to pay — if you start prepping now.
Both the official opposition The Coalition, and the insurgent opposition One Nation, have promised to reverse the changes. Crypto voters who feel strongly enough about this single issue, could vote for a change in government.However, the ruling ALP holds 94 out of 150 seats in the House of Representatives and will be difficult to dislodge from office. If the government does change — and the legislation can pass the Senate in time — it’s technically possible the changes could be reversed before anyone has to file taxes from July 1 2028.